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KCAP Financial's Trimaran Advisors prices $468 million CLO fund
By Toni Weeks
San Luis Obispo, Calif., April 2 - KCAP Financial, Inc. announced that its wholly owned portfolio company, Trimaran Advisors, LLC, has priced Catamaran CLO 2014-1 Ltd., a $468 million Collateralized Loan Obligation fund.
KCAP Financial will invest about $12.5 million across certain junior tranches of notes issued by the fund, according to a press release.
The fund is the third CLO fund brought to market by investment manager Trimaran since its acquisition by KCAP in February 2012, the release noted.
New York City-based KCAP Financial's portfolio companies, Katonah Debt Advisors and Trimaran Advisors, manage CLO funds that invest in broadly syndicated loans, high-yield bonds and other credit instruments.
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